Nurturing Growth: Caleres Supports Investors with Growing Earnings
Portfolio Pulse from Benzinga Insights
Caleres (NYSE:CAL) is set to distribute a dividend of $0.07 per share on January 5, 2024, with an annualized yield of 1.00%. Shareholders eligible for this dividend must have held the stock before the ex-dividend date of December 20, 2023. Caleres has maintained a stable dividend per share of $0.28 from 2020 to 2023, indicating a consistent dividend policy. The company has also shown positive earnings growth, with earnings per share increasing from $-1.05 to $3.97 from 2020 to 2023. Caleres's dividend yield is moderate compared to industry peers, with Guess (NYSE:GES) having the highest yield at 5.28%.
January 05, 2024 | 3:05 pm
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NEUTRAL IMPACT
Guess (NYSE:GES) has the highest annualized dividend yield among its peers at 5.28%, which may attract income-seeking investors looking for higher yields.
While Guess is mentioned as having a higher dividend yield compared to Caleres, the article does not provide specific information on Guess's financial health or dividend growth. Therefore, the impact on Guess's stock is neutral in the short term, but its high yield may be of interest to dividend investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Caleres is distributing a $0.07 per share dividend with a 1.00% yield and has shown consistent dividends and positive earnings growth, indicating financial health and potential for continued payouts.
The consistent dividend payout and positive earnings growth suggest that Caleres is in a strong financial position, which is likely to be viewed positively by investors. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100